The fund seeks strong risk-adjusted and absolute returns across the global equity universe. The fund uses a global long/short strategy to invest in publicly listed equity securities. Alternative investments may not be suitable for all investors.
The fund seeks to provide strong risk-adjusted returns via an alternative solution that complements and diversifies a global or U.S. equity portfolio.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.
The performance shown for periods prior to 4/6/16 is the performance of a predecessor investment vehicle (the "Predecessor Fund"). The Predecessor Fund was reorganized into the Fund on 4/6/16, the date upon which the Fund commenced operations. On 10/1/15 the parent company of Calamos Advisors, purchased Phineus Partners LP, the prior investment adviser to the Predecessor Fund ("Phineus"), and Calamos Advisors served as the Predecessor Fund's investment adviser between 10/1/15 until it was reorganized into the Fund. Phineus and Calamos Advisors managed the Predecessor Fund using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. Phineus and Calamos Advisors managed the Predecessor Fund in this manner either directly or indirectly by investing all of the Predecessor Fund's assets in a master fund structure. The Predecessor Fund performance information has been adjusted to reflect Class A and I shares expenses. However, the Predecessor Fund was not a registered mutual fund and thus was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund's performance may have been lower.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.
The funds' gross expense ratios as of the prospectus dated 2/28/2020 are as follows: A Shares 3.00%, C Shares 3.74% and I Shares 2.73%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
Inception Date: | 5/01/02 |
---|---|
Current NAV: | $13.94 |
$ Change: | $0.14 |
% Change: | 1.01% |
Total Net Assets (As of 12/31/20): | $484.8 M |
Morningstar Category: | Long-Short Equity |
Date | Calamos Phineus Long/Short Fund (NAV) | Calamos Phineus Long/Short Fund Load-Adjusted | S&P 500 Index | MSCI World Index |
---|---|---|---|---|
2020 | 19.52 | 13.87 | 18.4 | 16.5 |
2019 | 3.74 | -1.17 | 31.49 | 28.4 |
2018 | -6.16 | -10.6 | -4.38 | -8.2 |
2017 | 8.89 | 3.71 | 21.83 | 23.07 |
2016 | 12.49 | 7.13 | 11.96 | 8.15 |
2015 | 4.73 | -0.29 | 1.38 | -0.32 |
2014 | 0.2 | -4.52 | 16 | 16.54 |
2013 | 19.98 | 14.3 | 13.69 | 5.5 |
2012 | 7.27 | 2.23 | 32.39 | 27.37 |
2011 | -7 | -11.39 | 2.11 | -5.02 |
2010 | 8.24 | 3.11 | 15.06 | 12.34 |
2009 | 73.08 | 64.87 | 26.46 | 30.79 |
2008 | -18.15 | -22.05 | -37 | -40.33 |
2007 | 27.96 | 21.9 | 5.49 | 9.57 |
2006 | 21.26 | 15.62 | 15.79 | 20.65 |
2005 | 16.39 | 10.83 | 4.91 | 10.02 |
2004 | 7.17 | 2.05 | 10.88 | 15.25 |
2003 | 27.98 | 21.83 | 28.68 | 33.76 |
2002* | -7.23 | -11.74 | 0 | 0 |
*Reflects the fund's return from the inception date of 5/1/2002 through 12/31/2002.
Date | Calamos Phineus Long/Short Fund | S&P 500 Index | MSCI World Index |
---|---|---|---|
4/30/2002 12:00:00 AM | 10000 | 10000 | 10000 |
5/1/2002 12:00:00 AM | 10000 | 10000 | 10000 |
5/31/2002 12:00:00 AM | 9659.57 | 9926.3 | 10023.2 |
6/30/2002 12:00:00 AM | 9787.23 | 9219.15 | 9417.1 |
7/31/2002 12:00:00 AM | 9106.38 | 8500.52 | 8624.46 |
8/31/2002 12:00:00 AM | 9021.28 | 8556.37 | 8642.4 |
9/30/2002 12:00:00 AM | 8978.72 | 7626.46 | 7693.81 |
10/31/2002 12:00:00 AM | 9021.28 | 8297.74 | 8263.07 |
11/30/2002 12:00:00 AM | 9404.26 | 8786.15 | 8710.44 |
12/31/2002 12:00:00 AM | 9276.6 | 8269.52 | 8289.98 |
1/31/2003 12:00:00 AM | 8978.72 | 8052.86 | 8039.46 |
2/28/2003 12:00:00 AM | 9021.28 | 7932.07 | 7901.83 |
3/31/2003 12:00:00 AM | 9063.83 | 8009.09 | 7880.1 |
4/30/2003 12:00:00 AM | 9489.36 | 8668.8 | 8583.87 |
5/31/2003 12:00:00 AM | 10000 | 9125.55 | 9078.64 |
6/30/2003 12:00:00 AM | 10170.21 | 9242 | 9239.15 |
7/31/2003 12:00:00 AM | 10255.32 | 9404.93 | 9428.55 |
8/31/2003 12:00:00 AM | 10851.06 | 9588.33 | 9634.57 |
9/30/2003 12:00:00 AM | 11148.94 | 9486.5 | 9695.65 |
10/31/2003 12:00:00 AM | 11531.91 | 10023.15 | 10272.93 |
11/30/2003 12:00:00 AM | 11744.68 | 10111.36 | 10431.85 |
12/31/2003 12:00:00 AM | 11872.34 | 10641.6 | 11088.85 |
1/31/2004 12:00:00 AM | 12893.62 | 10836.87 | 11269.27 |
2/29/2004 12:00:00 AM | 12851.06 | 10987.5 | 11461.97 |
3/31/2004 12:00:00 AM | 12808.51 | 10821.7 | 11390.33 |
4/30/2004 12:00:00 AM | 12382.98 | 10651.8 | 11163.32 |
5/31/2004 12:00:00 AM | 12723.4 | 10797.94 | 11272.72 |
6/30/2004 12:00:00 AM | 12680.85 | 11007.85 | 11509 |
7/31/2004 12:00:00 AM | 12000 | 10643.49 | 11136.22 |
8/31/2004 12:00:00 AM | 11914.89 | 10686.49 | 11189.68 |
9/30/2004 12:00:00 AM | 12127.66 | 10802.23 | 11404.97 |
10/31/2004 12:00:00 AM | 12382.98 | 10967.29 | 11686.78 |
11/30/2004 12:00:00 AM | 12723.4 | 11411.02 | 12305.83 |
12/31/2004 12:00:00 AM | 12723.4 | 11799.34 | 12779.36 |
1/31/2005 12:00:00 AM | 12851.06 | 11511.79 | 12494 |
2/28/2005 12:00:00 AM | 12978.72 | 11754 | 12895.43 |
3/31/2005 12:00:00 AM | 12765.96 | 11545.83 | 12650.42 |
4/30/2005 12:00:00 AM | 12638.3 | 11326.93 | 12383.62 |
5/31/2005 12:00:00 AM | 13276.6 | 11687.24 | 12613.09 |
6/30/2005 12:00:00 AM | 13489.36 | 11703.71 | 12727.74 |
7/31/2005 12:00:00 AM | 13659.57 | 12138.86 | 13175.25 |
8/31/2005 12:00:00 AM | 13787.23 | 12028.15 | 13280.65 |
9/30/2005 12:00:00 AM | 13659.57 | 12125.58 | 13629.4 |
10/31/2005 12:00:00 AM | 13829.79 | 11923.45 | 13301.48 |
11/30/2005 12:00:00 AM | 14000 | 12374.39 | 13751.86 |
12/31/2005 12:00:00 AM | 14808.51 | 12378.6 | 14060.04 |
1/31/2006 12:00:00 AM | 15361.7 | 12706.26 | 14690.64 |
2/28/2006 12:00:00 AM | 15574.47 | 12740.69 | 14674.92 |
3/31/2006 12:00:00 AM | 16000 | 12899.95 | 15004.22 |
4/30/2006 12:00:00 AM | 16127.66 | 13073.07 | 15467.7 |
5/31/2006 12:00:00 AM | 16085.11 | 12696.83 | 14953.25 |
6/30/2006 12:00:00 AM | 15829.79 | 12713.97 | 14955.04 |
7/31/2006 12:00:00 AM | 15617.02 | 12792.79 | 15051.65 |
8/31/2006 12:00:00 AM | 16893.62 | 13097.26 | 15450.07 |
9/30/2006 12:00:00 AM | 17148.94 | 13435.17 | 15638.71 |
10/31/2006 12:00:00 AM | 17063.83 | 13873.16 | 16215.94 |
11/30/2006 12:00:00 AM | 17191.49 | 14136.75 | 16621.5 |
12/31/2006 12:00:00 AM | 17957.45 | 14334.66 | 16963.9 |
1/31/2007 12:00:00 AM | 18000 | 14551.12 | 17167.64 |
2/28/2007 12:00:00 AM | 18638.3 | 14265.91 | 17085.41 |
3/31/2007 12:00:00 AM | 18808.51 | 14425.69 | 17405.42 |
4/30/2007 12:00:00 AM | 19021.28 | 15064.75 | 18183.26 |
5/31/2007 12:00:00 AM | 19617.02 | 15590.51 | 18710.76 |
6/30/2007 12:00:00 AM | 20595.74 | 15331.71 | 18573.05 |
7/31/2007 12:00:00 AM | 21617.02 | 14856.43 | 18165.56 |
8/31/2007 12:00:00 AM | 21361.7 | 15079.27 | 18159.74 |
9/30/2007 12:00:00 AM | 22468.09 | 15643.24 | 19029.6 |
10/31/2007 12:00:00 AM | 22000 | 15891.96 | 19617.42 |
11/30/2007 12:00:00 AM | 22638.3 | 15227.68 | 18824.48 |
12/31/2007 12:00:00 AM | 22978.72 | 15122.61 | 18587.11 |
1/31/2008 12:00:00 AM | 22425.53 | 14215.25 | 17170.77 |
2/29/2008 12:00:00 AM | 22170.21 | 13753.26 | 17079.76 |
3/31/2008 12:00:00 AM | 22297.87 | 13694.12 | 16924.51 |
4/30/2008 12:00:00 AM | 23021.28 | 14361.02 | 17827.6 |
5/31/2008 12:00:00 AM | 23319.15 | 14547.71 | 18121.58 |
6/30/2008 12:00:00 AM | 21659.57 | 13321.34 | 16682.72 |
7/31/2008 12:00:00 AM | 22297.87 | 13209.44 | 16279.34 |
8/31/2008 12:00:00 AM | 23617.02 | 13400.98 | 16058.1 |
9/30/2008 12:00:00 AM | 22042.55 | 12206.95 | 14155.06 |
10/31/2008 12:00:00 AM | 21234.04 | 10157.41 | 11474.94 |
11/30/2008 12:00:00 AM | 17957.45 | 9429.12 | 10740.08 |
12/31/2008 12:00:00 AM | 18808.51 | 9529.45 | 11090.21 |
1/31/2009 12:00:00 AM | 16297.87 | 8726.21 | 10121.92 |
2/28/2009 12:00:00 AM | 15106.38 | 7797.04 | 9092.73 |
3/31/2009 12:00:00 AM | 18000 | 8480.06 | 9783.77 |
4/30/2009 12:00:00 AM | 23617.02 | 9291.69 | 10891.2 |
5/31/2009 12:00:00 AM | 25914.89 | 9811.37 | 11891.77 |
6/30/2009 12:00:00 AM | 25489.36 | 9830.8 | 11843.13 |
7/31/2009 12:00:00 AM | 29361.7 | 10574.4 | 12849.8 |
8/31/2009 12:00:00 AM | 31957.45 | 10956.14 | 13385.64 |
9/30/2009 12:00:00 AM | 32595.74 | 11365.02 | 13923.74 |
10/31/2009 12:00:00 AM | 31872.34 | 11153.86 | 13678.96 |
11/30/2009 12:00:00 AM | 32425.53 | 11822.87 | 14244.86 |
12/31/2009 12:00:00 AM | 32553.19 | 12051.28 | 14505.26 |
1/31/2010 12:00:00 AM | 32212.77 | 11617.8 | 13908.51 |
2/28/2010 12:00:00 AM | 32297.87 | 11977.72 | 14110.18 |
3/31/2010 12:00:00 AM | 34638.3 | 12700.57 | 14991.93 |
4/30/2010 12:00:00 AM | 34765.96 | 12901.12 | 15002.42 |
5/31/2010 12:00:00 AM | 33531.91 | 11870.96 | 13579.59 |
6/30/2010 12:00:00 AM | 32042.55 | 11249.52 | 13119.11 |
7/31/2010 12:00:00 AM | 32510.64 | 12037.66 | 14186.22 |
8/31/2010 12:00:00 AM | 29787.23 | 11494.28 | 13662.32 |
9/30/2010 12:00:00 AM | 31574.47 | 12520.14 | 14941.52 |
10/31/2010 12:00:00 AM | 32127.66 | 12996.53 | 15501.83 |
11/30/2010 12:00:00 AM | 31361.7 | 12998.22 | 15174.43 |
12/31/2010 12:00:00 AM | 35234.04 | 13866.9 | 16295.22 |
1/31/2011 12:00:00 AM | 36808.51 | 14195.54 | 16667.24 |
2/28/2011 12:00:00 AM | 37489.36 | 14681.88 | 17258.26 |
3/31/2011 12:00:00 AM | 36382.98 | 14687.75 | 17096.03 |
4/30/2011 12:00:00 AM | 34723.4 | 15122.8 | 17833.21 |
5/31/2011 12:00:00 AM | 34638.3 | 14951.61 | 17481.36 |
6/30/2011 12:00:00 AM | 33531.91 | 14702.37 | 17211.62 |
7/31/2011 12:00:00 AM | 31872.34 | 14403.32 | 16904.05 |
8/31/2011 12:00:00 AM | 31446.81 | 13620.94 | 15720.09 |
9/30/2011 12:00:00 AM | 29829.79 | 12663.38 | 14368.63 |
10/31/2011 12:00:00 AM | 33234.04 | 14047.37 | 15858.95 |
11/30/2011 12:00:00 AM | 32000 | 14016.32 | 15480.87 |
12/31/2011 12:00:00 AM | 32765.96 | 14159.71 | 15478.09 |
1/31/2012 12:00:00 AM | 35914.89 | 14794.35 | 16259.42 |
2/29/2012 12:00:00 AM | 36085.11 | 15434.05 | 17062.63 |
3/31/2012 12:00:00 AM | 36893.62 | 15941.97 | 17291.39 |
4/30/2012 12:00:00 AM | 35021.28 | 15841.91 | 17107.08 |
5/31/2012 12:00:00 AM | 30851.06 | 14889.79 | 15646.65 |
6/30/2012 12:00:00 AM | 31361.7 | 15503.28 | 16451.67 |
7/31/2012 12:00:00 AM | 30638.3 | 15718.6 | 16667.73 |
8/31/2012 12:00:00 AM | 32085.11 | 16072.64 | 17098.76 |
9/30/2012 12:00:00 AM | 33702.13 | 16487.98 | 17576.16 |
10/31/2012 12:00:00 AM | 33361.7 | 16183.55 | 17462.44 |
11/30/2012 12:00:00 AM | 33702.13 | 16277.43 | 17695.56 |
12/31/2012 12:00:00 AM | 35148.94 | 16425.8 | 18037.8 |
1/31/2013 12:00:00 AM | 36085.11 | 17276.57 | 18962.23 |
2/28/2013 12:00:00 AM | 36510.64 | 17511.1 | 19003 |
3/31/2013 12:00:00 AM | 36978.72 | 18167.82 | 19457.93 |
4/30/2013 12:00:00 AM | 37021.28 | 18517.86 | 20084.48 |
5/31/2013 12:00:00 AM | 39744.68 | 18951.03 | 20109.99 |
6/30/2013 12:00:00 AM | 39446.81 | 18696.54 | 19622.52 |
7/31/2013 12:00:00 AM | 39702.13 | 19647.89 | 20661.34 |
8/31/2013 12:00:00 AM | 40765.96 | 19078.1 | 20230.34 |
9/30/2013 12:00:00 AM | 40936.17 | 19676.39 | 21249.95 |
10/31/2013 12:00:00 AM | 40893.62 | 20580.92 | 22086.77 |
11/30/2013 12:00:00 AM | 41617.02 | 21208.02 | 22489.64 |
12/31/2013 12:00:00 AM | 42170.21 | 21745 | 22973.84 |
1/31/2014 12:00:00 AM | 42808.51 | 20993.28 | 22128.17 |
2/28/2014 12:00:00 AM | 43191.49 | 21953.51 | 23247.63 |
3/31/2014 12:00:00 AM | 42851.06 | 22138.14 | 23294.59 |
4/30/2014 12:00:00 AM | 40553.19 | 22301.74 | 23546.18 |
5/31/2014 12:00:00 AM | 39957.45 | 22825.16 | 24031.7 |
6/30/2014 12:00:00 AM | 41106.38 | 23296.73 | 24471.96 |
7/31/2014 12:00:00 AM | 41574.47 | 22975.47 | 24087.01 |
8/31/2014 12:00:00 AM | 42127.66 | 23894.72 | 24627.77 |
9/30/2014 12:00:00 AM | 42340.43 | 23559.71 | 23969.47 |
10/31/2014 12:00:00 AM | 43702.13 | 24135.04 | 24130.3 |
11/30/2014 12:00:00 AM | 44808.51 | 24784.03 | 24625.22 |
12/31/2014 12:00:00 AM | 42255.32 | 24721.58 | 24238.35 |
1/31/2015 12:00:00 AM | 41872.34 | 23979.44 | 23804.97 |
2/28/2015 12:00:00 AM | 45489.36 | 25357.53 | 25211.61 |
3/31/2015 12:00:00 AM | 44468.09 | 24956.63 | 24833.18 |
4/30/2015 12:00:00 AM | 45787.23 | 25195.97 | 25428.43 |
5/31/2015 12:00:00 AM | 46297.87 | 25519.99 | 25537.52 |
6/30/2015 12:00:00 AM | 47914.89 | 25025.92 | 24953.99 |
7/31/2015 12:00:00 AM | 48340.43 | 25550.21 | 25410.15 |
8/31/2015 12:00:00 AM | 47148.94 | 24008.77 | 23739.18 |
9/30/2015 12:00:00 AM | 45702.13 | 23414.79 | 22874.36 |
10/31/2015 12:00:00 AM | 47404.26 | 25389.83 | 24693.56 |
11/30/2015 12:00:00 AM | 45744.68 | 25465.24 | 24582.68 |
12/31/2015 12:00:00 AM | 44255.32 | 25063.65 | 24160.6 |
1/31/2016 12:00:00 AM | 41531.91 | 23819.99 | 22721.35 |
2/29/2016 12:00:00 AM | 42127.66 | 23787.83 | 22566.16 |
3/31/2016 12:00:00 AM | 43957.45 | 25401.6 | 24113.98 |
4/30/2016 12:00:00 AM | 44638.3 | 25500.16 | 24510.89 |
5/31/2016 12:00:00 AM | 44680.85 | 25958.14 | 24670.95 |
6/30/2016 12:00:00 AM | 41531.91 | 26025.37 | 24406.23 |
7/31/2016 12:00:00 AM | 43446.81 | 26984.93 | 25443.98 |
8/31/2016 12:00:00 AM | 44765.96 | 27022.71 | 25478.08 |
9/30/2016 12:00:00 AM | 44936.17 | 27027.84 | 25624.83 |
10/31/2016 12:00:00 AM | 45829.79 | 26534.85 | 25135.65 |
11/30/2016 12:00:00 AM | 49106.38 | 27517.44 | 25510.68 |
12/31/2016 12:00:00 AM | 49781.93 | 28061.46 | 26130.33 |
1/31/2017 12:00:00 AM | 49824.85 | 28593.79 | 26767.13 |
2/28/2017 12:00:00 AM | 50597.33 | 29729.25 | 27523.03 |
3/31/2017 12:00:00 AM | 51198.14 | 29764.03 | 27835.97 |
4/30/2017 12:00:00 AM | 51584.38 | 30069.71 | 28261.86 |
5/31/2017 12:00:00 AM | 50854.82 | 30492.79 | 28887.01 |
6/30/2017 12:00:00 AM | 52914.76 | 30683.06 | 29009.2 |
7/31/2017 12:00:00 AM | 52828.93 | 31313.9 | 29712.39 |
8/31/2017 12:00:00 AM | 52056.45 | 31409.73 | 29769.14 |
9/30/2017 12:00:00 AM | 53129.34 | 32057.71 | 30449.06 |
10/31/2017 12:00:00 AM | 52914.76 | 32805.93 | 31032.16 |
11/30/2017 12:00:00 AM | 53258.08 | 33812.09 | 31720.46 |
12/31/2017 12:00:00 AM | 54209.53 | 34188.08 | 32159.47 |
1/31/2018 12:00:00 AM | 55469.21 | 36145.35 | 33864.88 |
2/28/2018 12:00:00 AM | 54991.4 | 34813.03 | 32476.08 |
3/31/2018 12:00:00 AM | 55165.15 | 33928.43 | 31789.22 |
4/30/2018 12:00:00 AM | 55252.02 | 34058.72 | 32174.18 |
5/31/2018 12:00:00 AM | 54557.03 | 34878.85 | 32406.16 |
6/30/2018 12:00:00 AM | 54166.1 | 35093.36 | 32402.59 |
7/31/2018 12:00:00 AM | 54817.65 | 36399.18 | 33422.95 |
8/31/2018 12:00:00 AM | 54426.72 | 37585.43 | 33852.1 |
9/30/2018 12:00:00 AM | 53080.17 | 37799.29 | 34054.88 |
10/31/2018 12:00:00 AM | 52732.67 | 35215.71 | 31562.4 |
11/30/2018 12:00:00 AM | 53123.61 | 35933.41 | 31937.36 |
12/31/2018 12:00:00 AM | 50871.85 | 32688.98 | 29520.98 |
1/31/2019 12:00:00 AM | 53173.95 | 35308.67 | 31827.75 |
2/28/2019 12:00:00 AM | 53128.81 | 36442.44 | 32800.72 |
3/31/2019 12:00:00 AM | 52542 | 37150.51 | 33253.7 |
4/30/2019 12:00:00 AM | 53354.51 | 38654.74 | 34451.83 |
5/31/2019 12:00:00 AM | 53354.51 | 36198.23 | 32494.97 |
6/30/2019 12:00:00 AM | 53625.34 | 38749.48 | 34650.04 |
7/31/2019 12:00:00 AM | 54031.6 | 39306.31 | 34831.26 |
8/31/2019 12:00:00 AM | 52994.19 | 38683.7 | 34135.33 |
9/30/2019 12:00:00 AM | 52586.13 | 39407.47 | 34878.11 |
10/31/2019 12:00:00 AM | 52496.73 | 40261.04 | 35775.53 |
11/30/2019 12:00:00 AM | 53352.43 | 41722.51 | 36789.05 |
12/31/2019 12:00:00 AM | 52776.22 | 42981.7 | 37905.23 |
1/31/2020 12:00:00 AM | 52549.28 | 42964.93 | 37685.38 |
2/29/2020 12:00:00 AM | 51282.84 | 39428.06 | 34516.04 |
3/31/2020 12:00:00 AM | 46672.51 | 34558.3 | 29970.62 |
4/30/2020 12:00:00 AM | 50602.34 | 38988.33 | 33261.09 |
5/31/2020 12:00:00 AM | 51958.48 | 40845.34 | 34889.89 |
6/30/2020 12:00:00 AM | 52363.76 | 41657.76 | 35827.38 |
7/31/2020 12:00:00 AM | 50468.19 | 44006.42 | 37553.18 |
8/31/2020 12:00:00 AM | 52411.22 | 47169.6 | 40077.13 |
9/30/2020 12:00:00 AM | 50650.2 | 45377.16 | 38710.1 |
10/31/2020 12:00:00 AM | 50513.44 | 44170.58 | 37532.54 |
11/30/2020 12:00:00 AM | 60181.71 | 49005.49 | 42347.22 |
12/31/2020 12:00:00 AM | 63070.43 | 50889.75 | 44157.56 |
TimeFrame | Calamos Phineus Long/Short Fund (NAV) | Calamos Phineus Long/Short Fund Load-Adjusted | S&P 500 Index | MSCI World Index |
---|---|---|---|---|
6 Month | 20.45 | 14.71 | 22.16 | 23.25 |
1 Year | 19.52 | 13.87 | 18.4 | 16.5 |
3 Year | 5.18 | 3.49 | 14.18 | 11.15 |
5 Year | 7.35 | 6.3 | 15.22 | 12.82 |
10 Year | 6 | 5.49 | 13.88 | 10.48 |
15 Year | 10.14 | 9.79 | 9.88 | 7.93 |
Since Inception | 10.37 | 10.07 | 9.06 | 8.24 |
Calamos Phineus Long/Short Fund | S&P 500 Index | MSCI World Index |
---|---|---|
4.37 | 1.2 | 0 |
Calamos Phineus Long/Short Fund | S&P 500 Index | MSCI World Index |
---|---|---|
0.6 | 0.58 | 0.51 |
Calamos Phineus Long/Short Fund | S&P 500 Index | MSCI World Index |
---|---|---|
75.82 | 96.62 | 100 |
Calamos Phineus Long/Short Fund | S&P 500 Index | MSCI World Index |
---|---|---|
53.5 | 90.64 | 100 |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.
The performance shown for periods prior to 4/6/16 is the performance of a predecessor investment vehicle (the "Predecessor Fund"). The Predecessor Fund was reorganized into the Fund on 4/6/16, the date upon which the Fund commenced operations. On 10/1/15 the parent company of Calamos Advisors, purchased Phineus Partners LP, the prior investment adviser to the Predecessor Fund ("Phineus"), and Calamos Advisors served as the Predecessor Fund's investment adviser between 10/1/15 until it was reorganized into the Fund. Phineus and Calamos Advisors managed the Predecessor Fund using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. Phineus and Calamos Advisors managed the Predecessor Fund in this manner either directly or indirectly by investing all of the Predecessor Fund's assets in a master fund structure. The Predecessor Fund performance information has been adjusted to reflect Class A and I shares expenses. However, the Predecessor Fund was not a registered mutual fund and thus was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund's performance may have been lower.
10k Performance is for the Fund's Class A shares at net asset value and does not include the Fund's maximum front-end sales charge of 4.75%-had it been included, the Fund's return would have been lower. Index data shown is from 4/30/02, since comparative index data is available only for full monthly periods.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.
Alpha is a measurement of performance on a risk adjusted basis. A positive alpha shows that performance of a portfolio was higher than expected given the risk. A negative alpha shows that the performance was less than expected given the risk.
Downside Capture Ratio measures manager's performance in down markets as defined by the named index. A down-market is defined as those periods (months or quarters) in which named index return is less than 0. In essence, it tells you what percentage of the down-market was captured by the manager. For example, if the ratio is 110%, the manager has captured 110% of the down-market and therefore underperformed the market on the downside.
Sharpe ratio is a calculation that reflects the reward per each unit of risk in a portfolio. The higher the ratio, the netter the portfolio's risk-adjusted return is.
Upside capture ratio measures a manager's performance in up markets relative to the named index itself. It is calculated by taking the security's upside capture return and dividing it by the benchmark's upside capture return.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.
S&P 500 Index-Is generally considered representative of the U.S. stock market.
Cash Basis or market value calculates the cash value of equities and options.
Delta Adjusted estimates the sensitivity of options values to changes in price of the underlying securities. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying securities, which may be larger on a notional basis.
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions.
The funds' gross expense ratios as of the prospectus dated 2/28/2020 are as follows: A Shares 3.00%, C Shares 3.74% and I Shares 2.73%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
Name | Fund | S&P 500 Index |
---|---|---|
Number of Holdings | 59 | 505 |
Net Assets | $484.8 M | N/A |
Name | Delta Adjusted Basis % |
---|---|
Total Long Exposure | 99.2% |
Total Short Exposure | -33.5% |
Total Gross Exposure | 132.7% |
Total Net Exposure | 65.6% |
Sector | Delta Adjusted Basis % |
---|---|
Industrials | 37.2% |
Financials | 18.8% |
Information Technology | 14.4% |
Communication Services | 9.2% |
Health Care | 8.5% |
Consumer Staples | 3.5% |
Consumer Discretionary | 2.2% |
Materials | 1.1% |
Energy | 0.0% |
Real Estate | 0.0% |
Utilities | 0.0% |
Other | -29.1% |
Region | Delta Adjusted Basis % |
---|---|
North America | 57.9% |
Europe | 7.7% |
Asia/Pacific | 0.0% |
Caribbean | 0.0% |
Emerging Markets | 0.0% |
Latin America | 0.0% |
Middle East/Africa | 0.0% |
Long Portfolio | Sector | Weight |
---|---|---|
Raytheon Technologies Corp. | Industrials | 4.8 |
Facebook, Inc. - Class A | Communication Services | 4.6 |
Air Lease Corp. - Class A | Industrials | 4.5 |
Alphabet, Inc. - Class A | Communication Services | 4.5 |
Morgan Stanley | Financials | 4.3 |
Total | 22.7 |
Short Portfolio | Sector | Weight |
---|---|---|
SPDR S&P 500 ETF Trust | N/A | -23.9 |
Consumer Staples Select Sector SPDR Fund | Consumer Staples | -5.0 |
Tesla, Inc. | Consumer Discretionary | -2.4 |
Clorox Company | Consumer Staples | -1.0 |
Domino's Pizza, Inc. | Consumer Discretionary | -0.9 |
Total | -33.2 |
Asset Allocation | |
---|---|
Common Stock | 94.7097 |
Cash and Receivables/Payables | 34.3065 |
Options | -0.0785 |
Mutual Funds | -28.9378 |
Market CAP Range | Delta Adjusted Basis % |
---|---|
<=$0.10bil | 0.0% |
>$0.10bil<=$5bil | 0.0% |
>$5bil<=$30bil | 22.3% |
>$30bil<=$200bil | 45.5% |
>$200bil | -2.1% |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.
Exchange traded funds and index options are included in totals but not listed as sectors.
Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.
Exposure is calculated using the market value of the equities and options in the Fund. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying security which may be larger on a notional basis.
Gross Exposure equals long exposure plus the absolute value of short exposure.
Net Exposure is the difference between a fund's long and short exposure.
S&P 500 Index-Is generally considered representative of the U.S. stock market.
"Other" may include securities that don't have a sector classification such as options, ETFs, or Treasurys.
Delta Adjusted estimates the sensitivity of options values to changes in price of the underlying securities. Please note that calculating option positions on a market value basis does not reflect the potential exposure to the underlying securities, which may be larger on a notional basis.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
Year | Capital Gains |
---|---|
2016 | 0.0994 |
2017 | 0.1515 |
2018 | 0.4381 |
2019 | 0.0000 |
Name | Frequency |
---|---|
Distributions | ANNUAL |
Capital Gains | ANNUAL |
2020 Capital Gains
Capital gains for Calamos Mutual Funds were declared on December 22, 2020. To view the report, click here.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.
The performance shown for periods prior to 4/6/16 is the performance of a predecessor investment vehicle (the "Predecessor Fund"). The Predecessor Fund was reorganized into the Fund on 4/6/16, the date upon which the Fund commenced operations. On 10/1/15 the parent company of Calamos Advisors, purchased Phineus Partners LP, the prior investment adviser to the Predecessor Fund ("Phineus"), and Calamos Advisors served as the Predecessor Fund's investment adviser between 10/1/15 until it was reorganized into the Fund. Phineus and Calamos Advisors managed the Predecessor Fund using investment policies, objectives, guidelines and restrictions that were in all material respects equivalent to those of the Fund. Phineus and Calamos Advisors managed the Predecessor Fund in this manner either directly or indirectly by investing all of the Predecessor Fund's assets in a master fund structure. The Predecessor Fund performance information has been adjusted to reflect Class A and I shares expenses. However, the Predecessor Fund was not a registered mutual fund and thus was not subject to the same investment and tax restrictions as the Fund. If it had been, the Predecessor Fund's performance may have been lower.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. Please refer to Important Risk Information. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund's maximum front-end sales load of 4.75%. Had it been included, the Fund's return would have been lower.
The funds' gross expense ratios as of the prospectus dated 2/28/2020 are as follows: A Shares 3.00%, C Shares 3.74% and I Shares 2.73%.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Gross Expense Ratio | 3.00% | 3.74% | 2.73% |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Minimum initial investment | $2500 | $2500 | $1 million |
Minimum subsequent investments | $50 | $50 | $0 |
IRA initial investments | $500 | $500 | N/A |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Inception Date | 5/01/02 | 5/01/02 | 5/01/02 |
Ticker Symbol | CPLSX | CPCLX | CPLIX |
CUSIP number | 128120656 | 128120649 | 128120631 |
Name | A Shares | C Shares | I Shares |
---|---|---|---|
Sales Load | Front-End | Level-Load | N/A |
Maximum Sales Charge | 4.75 | 1.00 | N/A |
US Bank Fund Number | 5084 | 5085 | 5086 |
Dividends | ANNUAL | ANNUAL | ANNUAL |
Capital Gains | ANNUAL | ANNUAL | ANNUAL |
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Alternative investments may not be suitable for all investors. The fund takes long positions in companies that are expected to outperform the equity markets, while taking short positions in companies that are expected to underperform the equity markets and for hedging purposes. The fund may lose money should the securities the fund is long decline in value or if the securities the fund has shorted increase in value, but the ultimate goal is to realize returns in both rising and falling equity markets while providing a degree of insulation from increased market volatility.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by S&P Global Market Intelligence LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. "CUSIP" is a registered trademark of the American Bankers Association.
The Adjusted Expense Ratio, which reflects the total expense ratio excluding the dividend and interest expense on short sales, is as follows: Class A: 1.69%, Class C: 2.44% and Class I: 1.44%. "Dividend and Interest Expense on Short Sales" reflect interest expense and dividends paid on borrowed securities. Interest expenses result from the Fund's use of prime brokerage arrangements to execute short sales. Dividends paid on borrowed securities are an expense of short sales. Such expenses are required to be treated as a Fund expense for accounting purposes and are not payable to Calamos Advisors LLC. Any interest expense amount or dividends paid on securities sold short will vary based on the Fund's use of those investments as an investment strategy best suited to seek the objective of the Fund.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
A quarterly update of the Calamos Phineus Long/Short Fund’s performance, positioning, related market commentary and outlook.
The Phineus Long/Short Fund fact sheet provides a snap shot of the investment team, the fund strategy, performance, composition, ratings and returns.
Illustration of how Calamos Phineus Long/Short Fund (CPLIX) pursued equity-like returns with a superior risk profile over full market cycles, helping investors remain invested.
This brochure provides an introduction to Alternative Investments, and explores that many types of alternative funds. Learn how an alternative allocation may potentially enhance a portfolio’s diversification and decrease exposure to market volatility.
This summary contains important information about the Phineus Long/Short Fund investment objective, fees and expenses, principal investment strategies, principal risks and performance.
You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.
The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.
The semi-annual report includes a letter from John P. Calamos, Sr. to shareholders and provides a comprehensive review of the fund’s activities and financial performance over a six month period.
The annual report includes a letter from John P. Calamos, Sr. to shareholders outlining the fund's performance, as well as a comprehensive review of the fund’s activities and financial performance.
January 5, 2021
Investment professionals, join us for a January 2020 series of calls with members of the Calamos Investment Management Team providing outlooks on convertibles, liquid alternatives, U.S. and emerging markets equities, and fixed income.
December 14, 2020
We revisit some of what Calamos portfolio management teams were saying (and doing) as markets began to reflect the uncertainty related to COVID-19 and its repercussions—and the impact of positioning decisions made, largely in the tumult of the first half of the year.
November 16, 2020
The market moved fast in both directions in 2020. The S&P 500 plunged into a bear market in a record 16 days and then recovered in a record 126 days. Through November 13, it's posted 11 all-time highs. Fortunately, there’s an alternative to hopping in and out of stocks, hoping to outfox the market.